Which one of the following statements is true?
a. Money flows from households to firms for resources.
b. Money flows from households to foreign economies for exports.
c. Money flows from government to firms for resources.
d. Money flows from foreign economies to firms for imports.
e. Money flows from firms to households for resources.
e
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Doctor Hugh R. Sick recommends his patient take 2 units of insulin per day to successfully manage her diabetes condition. In a different office across town, Doctor I. M
Dismal, an economics professor, tells his student to read every assigned textbook chapter to successfully pass economics. In spite of the sage advice of the doctor and professor, the economic way of thinking recognizes A) patients don't always follow their doctor's orders. B) students don't always follow their professor's pleas. C) substitutes for prescriptions and textbook assignments exist; patients and students demonstrate their desire for substitutes through their actions. D) all of the above are true.
The coupon rate is equal to the annual coupon payment
A. divided by the face value of the bond. B. divided by the price paid for the bond. C. multiplied by the price paid for the bond. D. divided by the current market value of the bond.
The major source of new scientific knowledge in the United States is:
A. university and government research. B. R&D work in large corporations. C. entrepreneurs working alone. D. purely competitive and monopolistically competitive firms.
Which of the following is an example of a positive statement?
A. Cats are better pets than dogs. B. NCAA Football should have adopted a playoff system 10 years ago. C. An increase in minimum wage results in higher teenage unemployment. D. No one should be allowed to carry guns into the classroom.